With Help to Buy, you can buy a new home at Frith Park with just 5% deposit – whether you’re a ﬁrst-time buyer or you’re moving on from your existing home. The Government lends you up to 20% of the cost of your newly built home, so you’ll need a 75% mortgage to make up the remainder of the purchase price. The Help to Buy: Equity Loan is interest-free for 5 years and can be repaid at any time or on the sale of the home.

The 20 per cent equity loan is interest free for 5 years’ and in year 6 a fee of 1.75 per cent of the loan is charged, paid monthly by direct debit. The fee increases annually by the Retail Price Index (RPI) + 1 per cent. The loan can be repaid at any time at an amount equal to 20 per cent of the market value, whether the property value has increased or decreased. Partial repayments are allowable at a minimum amount of 10 per cent of the market value at the time of repayment. The loan must be repaid on the sale of the property or after 25 years, whichever comes first.

All the homes at Frith Park qualify for the Governments Help to Buy scheme, and with the recent changes to Stamp Duty making Frith Park your home has never been more accessible.

Your home may be repossessed if you do not keep up repayments on your mortgage.A set fee may be payable upon completion of the mortgage when you buy through the Help to Buy: Equity Loan scheme. Langham Homes is not a lender.